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Kakinada SEZ (KSEZ), a subsidiary of GMR Infrastructure, signed a Memorandum of Understanding (MoU) with Guizhou International Investment Corporation (GIIC) - a consortium of three leading Chinese manufacturing companies, to set up industrial park for the high end Chinese equipment manufacturing companies.

Chinese companies from power equipment, electronics, wind & solar energy, smart technologies, etc., are planning to set up their manufacturing units in Kakinada SEZ. Apart from world class infrastructure facilities, these companies will also be able to avail various benefits from Prime Minister’s ‘Make in India’ campaign and Government of Andhra Pradesh’s investment incentives in the Sun-rise state.

GIIC would invest $500 million in developing the infrastructure and various facilities of the industrial park, which would house leading Chinese manufacturing industries. These Chinese companies would additionally invest $2-3 billion in setting up their operations over next 5 years.

KSEZ is a port based Multi Product Special Economic Zone, spread over approximately 10,500 acres. GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

GMR Airports Share Price

97.99 -3.32 (-3.28%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 80.98
GMR Airports 97.99
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